Governor presents N365.2 bn budget to Akwa Ibom Assembly

By Christian Akaniyene, Uyo
Akwa Ibom Governor, Mr. Udom Emmanuel has presented a budget estimate of N365.2 billion to be spent in 2017.
Emmanuel had disclosed while presenting the 2017 budget proposal before the state House of Assembly in Uyo, the state capital that road and transport infrastructure were necessary to boost economic activities in the state.
The governor said that the state government would draw up Akwa Ibom Road Master Plan in 2017 for effective and efficient transport operations in the state.
“In 2017, the transport sector intends to provide road signs within and outside the state capital.
He announced the commencement of ferry service from Ibom Le Meridien in Uyo to Tinapa in Calabar and the reactivation of Oron-Calabar ferry service to boost tourism in 2017.
The 2017 budget proposal provided N194 billion for capital projects, N88.4 billion for recurrent expenditure while consolidated revenue would account for N82. 9 billion.
Emmanuel noted that the 2017 budget was N58 billion or 13.7 per cent lesser than the N423billion budgeted for the 2016 fiscal year.
He said that N16 billion was allocated to lands and housing; education, N8.6 billion; agriculture, N6.8 billion; culture and tourism, N700 million.
Emmanuel said the 2017 budget, christened “Budget of Consolidation”, was aimed at expanding economic activities as well as promoting industrialisation in the state.
The governor said that the budget would also focus on promotion of trade, commerce and tourism between Akwa Ibom and the rest of the world.

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